Every day, 10,000 people turn 60-years-old, and there are more enrolling in Medicare when reaching 65-years-old.

That magic age of 65, 67 or even 70-years-old has been burned into our heads since youth. It’s the age of retirement…the golden years when life is easy and time for relaxation is on our hands.

Because there are so many Boomers heading into “retirement,” there is also more research about what happens shortly thereafter.

Encore.Org

One expert, Marc Freedman, CEO and founder of Encore.org, says, “retirement is a transition, not a destination.” His organization promotes encore careers – “second acts for the greater good.”

What Freedman suggests is that people entering retirement find themselves taking a sabbatical from work, a bit of time off but not long-term. For reasons that could be emotional or financial, retirees find themselves seeking a second act to fill the gaps from working 50-hours weekly to no work at all.

The biggest concern about retirement is having a fixed income. While Medicare covers some health insurance needs; people still need to pay for Medicare Supplement or other ancillary Medicare plans.

Retiree Health Choices is dedicated to helping retirees choose the best Medicare Supplement plans at the most beneficial total cost. Its new website, EasyMedicareChoices.com is launching mid-June, and will help consumers select plans side by side for the best cost.

One former corporate executive of Boeing, Henry “Bud” Hebeler shares a story about the biggest surprises in retirement being unknown costs. There could be health issues, unexpected house improvements, a relative who needs support, or kids who move away and create travel expenses for retired parents.

His work now is to give free financial planning advice on his website, AnalyzeNow.com.

The Wall Street Journal features a panel of experts who share insights about various topics. The two people mentioned here were interviewed for a story about What Will Surprise People The Most When They Retire, published May 23, 2013.